Fundamental Analysis

Clinton gets boost from FBI as tight White House race hits final day

U.S. Democratic presidential nominee Hillary Clinton speaks in front of Gold Star Father Khizr Khan at a campaign rally in Manchester, New Hampshire, U.S., November 6, 2016. REUTERS/Lucas Jackson

WASHINGTON (Reuters) – Democrat Hillary Clinton heads into the final day of a tight White House race against Republican Donald Trump on Monday with new momentum after the FBI’s announcement that no criminal charges were forthcoming in the probe of her email practices.

Both Clinton and Trump will spend the day racing across a handful of key battleground states that could swing Tuesday’s election, which polls show is extremely close but tilting toward Clinton.

FBI Director James Comey sent shockwaves through the race by telling Congress on Sunday that investigators had worked “around the clock” to complete a review of newly discovered emails and found no reason to change their July finding that Clinton was not guilty of criminal wrongdoing in her use of a private email server while secretary of state.

Whether the announcement came in time to change minds or undo any damage from days of Republican attacks on Clinton as corrupt was uncertain. Tens of millions of Americans had cast early votes in the 10 days since Comey first told Congress of the newly discovered emails.

Clinton’s Democratic allies hoped the FBI finding would be enough to push her over the finish line and end the uncertainty and Republican attacks on her character that dogged her campaign for the last 10 days.

“The FBI’s swift and thorough review should finally close the door on this Republican sideshow,” House Democratic leader Nancy Pelosi said, adding the election would now be decided “on the merits of the candidates” rather than innuendo.

But Republicans kept up their criticism of Clinton despite Comey’s announcement.

“She simply believes she’s above the law and always plays by her own rules,” House of Representatives Speaker Paul Ryan said in a statement, arguing that Clinton’s use of a private email server “compromised our national security.”

U.S. stock index futures rose more than 1 percent after the FBI announcement and the U.S. dollar also strengthened in Asian trading against major currencies.

Markets have tended to see Clinton as the status quo candidate, and news favoring her bid often boosts investors’ risk appetite. Global financial markets slipped last week as opinion polls showed the presidential race tightening.

Clinton did not mention the FBI finding during her last two campaign events on Sunday, but Trump was blunt in questioning the thoroughness of the renewed probe and saying the issue would not go away.

“The investigation will go on, the rank-and-file special agents won’t let her get away with her terrible crimes,” he told supporters in Sterling Heights, Michigan, on Sunday night.

On Monday, Trump will hit five battleground states – Florida, North Carolina, Pennsylvania, New Hampshire and Michigan – and closes with a late-night rally in Grand Rapids, Michigan.

Clinton will make two stops in Pennsylvania and visit Michigan before wrapping up with a midnight rally in Raleigh, North Carolina. Earlier, she will appear at an evening rally at Philadelphia’s Independence Hall with President Barack Obama and first lady Michelle Obama, as well as rock star Bruce Springsteen.

News of the renewed probe had appeared to fuel a recent slide in Clinton’s poll numbers. The latest Reuters/Ipsos poll showed Clinton with a 5 percentage point lead over the New York businessman nationally – 44 percent to 39 percent support – while races in the swing states of Florida and North Carolina shifted from favoring Clinton to being too close to call.

Source: Reuters.com

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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